First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Strong Trading Volume – Here’s Why

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw unusually-strong trading volume on Monday . Approximately 41,765 shares changed hands during trading, an increase of 100% from the previous session’s volume of 20,877 shares.The stock last traded at $123.0490 and had previously closed at $122.84.

First Trust Large Cap Core AlphaDEX Fund Stock Down 0.1%

The firm has a market capitalization of $1.41 billion, a PE ratio of 17.76 and a beta of 0.97. The company has a 50-day moving average of $124.29 and a 200 day moving average of $120.38.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.2942 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.18 annualized dividend and a dividend yield of 1.0%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Ankerstar Wealth LLC bought a new stake in First Trust Large Cap Core AlphaDEX Fund during the fourth quarter valued at approximately $27,000. Washington Trust Advisors Inc. purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter valued at $40,000. Rossby Financial LCC purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter valued at $54,000. Wealth Watch Advisors INC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter worth $61,000. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter worth $62,000.

About First Trust Large Cap Core AlphaDEX Fund

First Trust Large Cap Core AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Core Index (the Index). The Index is an enhanced index created and administered by Standard & Poor’s, which employs the AlphaDEX stock selection methodology to select stocks from the S&P 500 Index. Standard & Poor’s constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.